March 26, 2021
As cited by the business intelligence report titled ‘America Commercial Gensets Market Size By Power Rating, By Fuel, By End-Use, By Application, Industry Analysis Report, Country Analysis, Application Potential, Price Trend, Competitive Market Share & Forecast, 2020 – 2026’, available with Market Study Report, America commercial gensets market is anticipated to grow substantially during the analysis period of 2020 to 2026.
As per the report findings, increasing occurrence of power outages as well as weather-related mishaps, coupled with emphasis on overhaul of grid infrastructure are accelerating America commercial gensets market growth.
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Furthermore, rapid digitization, ongoing technological advancements, and escalating demand for consistent power supply from the retail and telecommunication sectors are adding substantial traction to the industry expansion.
Speaking of power rating, the > 750 kVA rated commercial gensets segment is expected to grow significantly during the study period. The ability of these gensets to reduce overhead costs, along with surging demand from data centers due to adoption of work from home culture amid the Covid-19 pandemic are propelling the expansion of the segment.
With regards to fuel type, gas segment is predicted to account for major America commercial gensets market share by 2026. Increasing oil & gas exploration activities, rising investments towards development of LNG infrastructure, imposition of stringent environmental norms, and shifting consumer preference for cleaner fuels are fostering the demand for gas based commercial gensets.
Moving on to application spectrum, America commercial gensets industry share from standby segment is estimated to amass lucrative returns during the stipulated timeframe, on account of increasing frequency of power outages, along with surging product demand across large scale commercial projects for managing emergency situations.
Elaborating on geographical reach, Brazil commercial gensets market is projected to grow exponentially over 2020-2026, primarily due to rising construction activities, increasing number of smart city projects, need for uninterrupted power supply, and favorable government initiatives.
Wärtsilä Oyj Abp, Aggreko plc, Siemens AG, MTU Onsite Energy GmbH, Himoinsa Power Systems Inc., Kohler SDMO, Generac Holdings Inc., Cummins Inc., Atlas Copco Group, and Caterpillar Inc are the prominent organizations which influence America commercial gensets industry trends.